Former head of LI real estate firm sentenced

The former president of a Long Island real estate company has been sentenced to 51 months in federal prison for two fraudulent real estate schemes.
U.S. Attorney Preet Bharara said Elviston Ramasir stole $1.5 million from an investor by promising huge rates of return on properties that Ramasir promised to buy but never did.
Bharara said Ramasir ...